Rating Index

Pros

High leverage options available (up to 1:100), which may attract traders looking for significant trading power.

Offers a social trading feature that allows users to track and mimic top performers on the platform.

User-friendly website design that may appeal to novice traders.

Cons

Completely unregulated, which poses a significant risk to the safety of clients' funds.

Excessively high minimum deposit requirement of $5,000, making it difficult for new traders to start.

Malicious terms and conditions that prevent clients from withdrawing profits generated from bonuses, effectively trapping their funds.

Richness broker Accounts

Richness Empire Account Type

Richness Empire offers several types of trading accounts tailored to different investment needs. The available account types include:

Standard Account:

Minimum Initial Deposit: $7,000
Leverage: Up to 1:200
Minimum Contract Unit: 0.01
Floating Spreads: 2.2 - 2.8 pips

VIP Account:

Minimum Initial Deposit: $20,000
Leverage: Up to 1:200
Minimum Contract Unit: 0.01
Floating Spreads: 1.2 - 1.8 pips

ECN Account:

Minimum Initial Deposit: $50,000
Leverage: Up to 1:200
Minimum Contract Unit: 0.01
Floating Spreads: 0 - 0.3 pips

The trading platforms available for Richness Empire accounts include MT4 and MT5, providing a robust environment for executing trades.

Richness Empire Broker Account Opening Process

Opening a broker account with Richness Empire involves a straightforward process:

Select Account Type: Choose the account type that best fits your trading needs (Standard, VIP, or ECN).
Complete Application: Fill out the online application form with required personal information, including your name, address, and contact details.
Verification: Provide necessary identification documents, such as a government-issued ID and proof of address, to verify your identity.
Fund Your Account: After your application is approved, you will need to fund your account. This can typically be done via electronic transfer from your bank account.
Start Trading: Once your account is funded, you can begin trading on the Richness Empire platform.

For more specific details or any changes in the process, it is advisable to check directly on the Richness Empire website or contact their customer support.